Taiheiyo Cement’s interest-bearing debt

06 January 2006

Taiheiyo Cement Corp anticipates consolidated interest-bearing liabilities will total 650 billion yen as of March 31, falling 15.9 billion yen on the year. Interest-bearing liabilities at the end of fiscal 2005 will be almost 30% off the peak 901.3 billion yen marked at the end of fiscal 2001. By March 31, 2008, the firm hopes to slash debt to 630 billion yen.

Taiheiyo trimmed its debts using free cash flow, which was generated by its robust, key cement business both at home and abroad due to disaster recovery work and heavy construction investment. The company will also use cash and deposits, which totaled 72.7 billion yen as of Sept. 30, 2005, to repay debts.